2015-11-13T12:18:53-08:00 2014-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2014-01-01 540116855 A & N ELECTRIC COOPERATIVE A&NE 7577879750 PO BOX 290 TASLEY VA 23441 R WAYNE BROWNING Secretary-Treasurer 2015-11-13 true G STEVEN GILLIAM CPA P00348264 8043231313 2014 2016-04-25 22:37:26Z R WAYNE BROWNING PO BOX 290 TASLEY VA 23441 77235703 false false X www.anec.com X 1940 VA Safe and effective distribution of electricity to members of the cooperative. 10 10 76 -2085 -2085 0 68678161 75120045 1025263 1147811 1086330 959279 70789754 77227135 5000 24000 2885989 3292211 7234448 7289664 0 0 59642659 65440019 69768096 76045894 1021658 1181241 141281289 140571437 93994243 90512969 47287046 50058468 Safe and effective distribution of electricity to members of the cooperative. false false Safe and effective delivery of electricity to the members of A & N Electric Cooperative. The three largest program services, as measured by expenses are as follows:Cost of power $52,787,020Depreciation $5,350,194Salaries and wages $5,166,022 false false false false false false false false false false true false true false true false true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true true true false false true 102 0 true 76 true true true false false false false false false false 75120045 1731962 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X A N ELECTRIC COOPERATIVE 7577879750 PO BOX 290 Tasley VA 234410290 JAMES G COLLINS JR CHAIRMAN 4.00 0.00 X X 12475 0 0 JAMES N BELOTE III Director 10.00 0.00 X 15075 0 0 R WAYNE BROWNING SECRETARY 6.00 0.00 X X 15275 0 0 MILDRED M MASON Director 3.00 0.00 X 9175 0 0 ADDISON W NOTTINGHAM JR Vice Chairman 6.00 0.00 X X 14425 0 0 EDWARD V PARKS JR DIRECTOR 7.00 0.00 X 14425 0 0 E GARRISON DRUMMOND Director 7.00 0.00 X 13125 0 0 ROBERT L NOCK Director 2.00 0.00 X 11450 0 0 Christopher D Bott Director 4.00 0.00 X 10150 0 0 RALPH W DODD DIRECTOR 3.00 0.00 X 13050 0 0 Dodd Obenshain President & CEO 50.00 0.00 X 255973 0 165693 Penny Fowler CFO 50.00 0.00 X 188464 0 89937 VIRGIL L WESSELLS Serviceman 52.00 0.00 X 120330 0 9861 PETER A ZACH Serviceman 55.00 0.00 X 128349 0 31154 Othel D Bowling VP Operations 40.00 0.00 X 133592 0 49993 KELVIN A PETTIT VP System Reliabil 45.00 0.00 X 132620 0 47397 THOMAS A LARSON VP ENGINEERING 40.00 0.00 X 136013 0 49489 1223966 443524 13 false true false ASPLUNDH PO BOX 827464 PHILADELPHIA PA 191827454 ROW CLEARING 1795000 ROCK CREEK P O Box 482 Greensboro MD 21639 LINE CONSTRUCTION 936374 POWER SERVICES Inc PO BOX 660367 Dallas TX 752660367 Engineering 1765121 LUCAS UTILITIES PO BOX 67 ONLEY VA 23418 Underground Const. 714709 COLONAS AUTO 20039 KELLER FAIR ROADD Melfa VA 23410 Auto & Truck Repair 319491 8 0 SALE AND DIST. OF ELECTRI 221000 75120045 75120045 75120045 1147811 1147811 0 0 6483 383696 8568 -2085 383696 381611 -2085 383696 0 0 0 0 CASH PATRONAGE RECEIVED 70045 70045 CIAC 507623 507623 577668 77227135 75697713 -2085 1531507 24000 0 0 3292211 828692 0 5239051 631085 136157 454679 0 72417 0 0 0 0 0 0 0 0 0 0 1079863 0 27972 4147379 0 5350194 0 Cost of power 52787020 Distribution Maintenance 2956512 Distribution Operation 1454445 Consumer accounts 908095 -3343878 76045894 0 0 0 2382 3019 9048156 3982283 0 6208240 5860523 0 0 0 1461001 1474171 2714491 2581083 168201333 59937088 104101594 108264245 0 0 16179357 16647155 0 1566068 1758958 141281289 140571437 5330446 5988797 84331917 79908056 4331880 4616116 93994243 90512969 X 47287046 50058468 47287046 50058468 141281289 140571437 X 1181241 1590181 X false true X true false 2435295 2435295 165766038 59937088 105828950 108264245 16647155 Accrued Liabilities 316272 Consumer deposits 2218707 Deferred credits 17137 Other noncurrent liabilities 2064000 4616116 77195790 77195790 31345 31345 77227135 72755768 72755768 3290126 3290126 76045894 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Cash patronage capital rec. adjustment $-474193 Contributions in aid of construction $507623 990 T rental expenses netted in revenue $-2085 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Benefits pd to or for membr not GAAP EXP $3292211 990 T rental loss netted against revenue $-2085 true Members Helping Members Inc PO Box 290 Tasley VA 23441 263931656 15000 9000 Fair Market Value Rent, professional, and other admin Meet mission statement of Members Helping Members, Inc 1 0 X X X false false false Dodd Obenshain President & CEO 222639 33334 149257 16436 421666 KELVIN A PETTIT VP System Reliabil 121595 7339 3686 30961 16436 180017 Othel D Bowling VP Operations 123963 4439 5190 33557 16436 183585 Penny Fowler CFO 161453 7339 19672 73501 16436 278401 PETER A ZACH Serviceman 79891 48458 23189 7965 159503 THOMAS A LARSON VP ENGINEERING 130024 3939 2050 41524 7965 185502 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder A & N Electric is an electric membership corporation that delivers electricity to the members of the cooperative. The members elect the board of directors, which is the governing body of the cooperative. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body All members of A & N Electric Cooperative receive one vote with respect to selecting the Cooperative's board of directors. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Changes in by-laws require a vote by the general membership of the Cooperative. Form 990, Part VI, Line 11b: Form 990 Review Process The CFO and CEO review a draft of the 990. They then present a copy of the 990 to the board of directors for review, discussion and approval prior to filing with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts According to the Coop's Conflict of Interest Policy each Director, Officer, and Key employee must annually complete and sign a conflict of interest certification and disclosure form. In addition, the governing board's legal counsel must annually review this policy with all officials. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Periodically the Coop has an outside consultant review the range of compensation at the Cooperative compared to industry ranges. The National Rural Electric Cooperative Association annually publishes a salary survey that is also used as a benchmark for compensation. The board of directors approves the salary of the CEO. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available New members get a copy of the by-laws when joining the Cooperative. Year end financial information is published in the Cooperative's monthly magazine in addition, the financial results are made available to the members at the annual meeting. This information is also available on the Cooperative's web site. The 990 is available upon request. Other Changes In Net Assets Or Fund Balances - Other Decreases Contributions in aid of construction not revenue per GAAP = -$507623 Other Changes In Net Assets Or Fund Balances - Other Increases Net change in memberships = $95 Other Changes In Net Assets Or Fund Balances - Other Decreases Net retirement of capital credits = -$1668695 Other Changes In Net Assets Or Fund Balances - Other Increases Noncash patronage capital allocations not revenue per IRS = $474193 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage Div. paid to members' accts not expense per GAAP = $3292211 990 PART VII SECTION A COLUMN F The Cooperative participates in the NRECA group defined pension plan. As part of this plan, participants are required to recognize the actuarial increase in the value of their account on the form 990. The contribution rate for participants in the plan is the same for all individuals in the plan. The change in actuarial value for each participant, however, varies with age. In other words, the older a participant is, the greater the increase in that individual's change in actuarial value with all other things being equal. Form 990, Prt. I Line 14 & Prt IX, Line 4 Benefits Pd. To or For Mbrs. Patronage dividends paid to members' accounts was done in accordance with the pre-existing obligation in A&N Electric Cooperative's by-laws. The Cooperative is obligated to pay by credits to a capital account for each patron all such amounts in excess of operating costs and expenses. IRS instructions for line 4 changed in 2011 to include patronage dividends paid by section 501(c)(12) organizations to their members. Accordingly, these amounts are now reported on line 4. Members Helping Members Inc PO Box 290 Tasley VA 23441 263931656 Financial Assit. for Charitable, Humanitarian and Educ. pur. VA 501(c) 3 charity A & N Electric Cooperative true false true false false false false false false false false false false false true false false false true true Members Helping Members Inc b 15000 COST Members Helping Members Inc n 9000 FMV Members Helping Members Inc r 32860 COST Members Helping Members Inc s 36000 COST